Oman Cables Industryog (MUS:OCAI) Cash Ratio : 1.89 (As of Dec. 2024)

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What is Oman Cables Industryog Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Oman Cables Industryog's Cash Ratio for the quarter that ended in Dec. 2024 was 1.89.

Oman Cables Industryog has a Cash Ratio of 1.89. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for Oman Cables Industryog's Cash Ratio or its related term are showing as below:

MUS:OCAI' s Cash Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.66 Max: 1.89
Current: 1.89

During the past 13 years, Oman Cables Industryog's highest Cash Ratio was 1.89. The lowest was 0.07. And the median was 0.66.

MUS:OCAI's Cash Ratio is ranked better than
84.61% of 2982 companies
in the Industrial Products industry
Industry Median: 0.52 vs MUS:OCAI: 1.89

Oman Cables Industryog Cash Ratio Historical Data

The historical data trend for Oman Cables Industryog's Cash Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Oman Cables Industryog Cash Ratio Chart

Oman Cables Industryog Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash Ratio

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1.25

0.75

1.19

1.79

1.89

Oman Cables Industryog Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash Ratio	Get a 7-Day Free Trial															1.79	1.57	1.86	1.87	1.89

Competitive Comparison of Oman Cables Industryog's Cash Ratio

For the Electrical Equipment & Parts subindustry, Oman Cables Industryog's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Oman Cables Industryog's Cash Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Oman Cables Industryog's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Oman Cables Industryog's Cash Ratio falls into.

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Oman Cables Industryog Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Oman Cables Industryog's Cash Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Cash Ratio (A: Dec. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	65.364	/	34.667
	=	1.89

Oman Cables Industryog's Cash Ratio for the quarter that ended in Dec. 2024 is calculated as:

Cash Ratio (Q: Dec. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	65.364	/	34.667
	=	1.89

Oman Cables Industryog (MUS:OCAI) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.

Oman Cables Industryog Cash Ratio Related Terms

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Oman Cables Industryog Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Oman Cables Industry Saog (MUS:OCAI) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O Box 25, Rusayl, OMN, 124

Website

https://www.omancables.com

Oman Cables Industry Saog develops, manufactures, and markets a totally integrated variety of electrical cables and conductors for diverse applications, including medium voltage power cables, low voltage power, and control cables, instrumentation cables, pilot cables, overhead power transmission line conductors, and building wires. The Company's principal activity is the manufacture and sale of electrical cables and conductors. The company earns the majority of its revenue from Local Sales and followed by Middle East and North Africa (MENA) region, others.

Oman Cables Industryog Headlines

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